Completion of Healthy Chef Acquisition
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
Completion of Healthy Chef Acquisition
HIGHLIGHTS
•
Elixinol Wellness Limited successfully completes its strategic acquisition of The Healthy
Chef, strengthening its position in the wellness and sustainable nutrition market.
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Business integration and synergies are expected to drive immediate revenue growth and
margin expansion.
28 October 2024, Melbourne: Elixinol Wellness Ltd (ASX: EXL) ("EXL," "Elixinol," or "the Company")
is pleased to announce the completion of its acquisition on 25 October 2024 of 100% of the assets
of The Healthy Chef Pty Ltd, Healthy Chef Stock & Research Development, and EHealth And
Wellbeing Pty Ltd (collectively “Healthy Chef”), following the Company’s announcement on 3
October 2024.
This acquisition follows a successful capital raise of $1.075M (before costs) through an institutional
Placement, which received strong support from both new and existing institutional and
sophisticated investors. Additionally, the Company launched a non-underwritten Share Purchase
Plan (“SPP”) of up to $0.5M. Funds raised under the SPP will be announced to the market within the
next 48 hours.
The Healthy Chef is a premium lifestyle brand focused on clean nutrition for women’s health, inner
beauty, and overall wellbeing. This acquisition aligns with Elixinol’s strategy to build a ‘House of
Brands’ that prioritises sustainable nutrition and growth across multiple revenue streams.
Mr. David Fenlon, EXL’s Non-executive Chair, commented: “We are delighted to have completed
this strategic acquisition, which marks a pivotal step in our growth strategy. The Healthy Chef brand
perfectly complements our existing portfolio, reinforcing our commitment to sustainable highquality nutrition. This acquisition not only strengthens our footprint in the rapidly growing wellness
sector, but also offers immediate benefits through revenue uplift, margin expansion and operational
synergies. By integrating The Healthy Chief into the Elixinol House of Brands, we expect to unlock
meaningful value across our Australian and U.S. markets. With Healthy Chef founder, Teresa Cutter,
as a global brand ambassador, we are well-positioned to drive innovation and deliver profitable and
sustainable growth.”
For more detailed information, please refer to the ASX announcement entitled “Strategic
Acquisition of The Healthy Chef & Capital Raise,” 3 October 2024.
Level 4, 100 Albert Road, VIC 3205 Australia info@elixinolwellness.com | www.elixinolwellness.com | @EXLWellness
Authorised for release by the Board of Directors of Elixinol Wellness Limited.
For further information, please contact:
David Fenlon, Non-executive Chair
dave.fenlon@elixinolwellness.com
Pauline Gately, Non-executive Director
pauline.gately@elixinolwellness.com
Elixinol Wellness Investor Hub: https://investorhub.elixinolwellness.com
About Elixinol Wellness
Elixinol Wellness Limited (ASX: EXL) is a leader in the global hemp industry, innovating, marketing,
and selling hemp and other plant-derived food, skincare, and nutraceutical products.
In Australia, Elixinol Wellness operates a vertically integrated business which produces,
manufactures, and distributes a range of highly complementary products delivered across four
verticals – human nutrition, human wellness, pet wellness and superfood ingredients. These
products are sold under brands including Hemp Foods Australia, Mt Elephant, Ananda Food, Soul
Seed, and Field Day and are sold through grocery, wholesale, and e-commerce channels. The
Australian Superfood Co also supplies Australian natives and superfood ingredients to white label
customers as well as food, beverage, and beauty manufacturers.
Elixinol USA sells high quality Elixinol branded hemp and other plant-derived nutraceutical and
skincare products. www.elixinolwellness.com
About Healthy Chef
The Healthy Chef is a premium producer of wellness and health products under the brand Healthy
Chef® with a loyal customer base in Australia and significant library of product innovation, content
and intellectual property generated over 18 years.
Healthy Chef® was founded in 2006 by Teresa Cutter, a nutritionist, wellness coach and chef, who
believes wholefood nutrition is essential for optimal health, fitness, and wellbeing. The brand has
over a decade of earned brand goodwill with trusted reputation for quality products, meaningful
engagement with the community, strong social currency, and media exposure.
The Healthy Chef® premium range of functional food products are proudly made in Australia from the
purest wholefood ingredients with science-based formulations to deliver maximum health impact,
and are free from gluten, fillers, gums and sugar without compromising on taste. Healthy Chef® also
inspires women to incorporate healthy eating into their everyday lives with a comprehensive
collection of cookbooks, meal planning mobile application, blog and extensive social media of rich
Level 4, 100 Albert Road, VIC 3205 Australia info@elixinolwellness.com | www.elixinolwellness.com | @EXLWellness
dynamic content to create a deeper connection with consumers and deliver a powerful brand
experience through its direct-to-consumer eCommerce platform and App.
https://thehealthychef.com/
Level 4, 100 Albert Road, VIC 3205 Australia info@elixinolwellness.com | www.elixinolwellness.com | @EXLWellness
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